alstry (35.35)

Government Workers.....YOU'RE TOAST!!!!!!!

10

OVER 21,000,000 Americans work for Local, State, or Federal Government.

SARASOTA - Clerk of the Circuit Court and County Comptroller Karen E. Rushing has announced a reduction in the size of the workforce at the Sarasota County Clerk's office.

"In spite of skyrocketing case load in foreclosures, recently-passed and ill-conceived legislation forces me to terminate a number of highly skilled workers needed to process record high case load. This is the saddest day of my career," said Rushing.

The reduction plan calls for the elimination of 39 positions. Twenty-four Clerk employees lost their jobs today....

No matter how much work exists......IF THERE IS NO MONEY......THERE IS NO MONEY!!!!!!!!

AND MONEY IS RUNNING OUT FAST!!!!! EVERYWHERE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Alstry has been reading about more and more government workers around the nation getting fired. The pace is really picking up in recent weeks. Expect this story or ones similar to be repeated over and over and over again as the summer progresses.

My wife is a public school teacher........

The are a number of counties in California approaching 20% unemployment.....Michigan approaching 15%......the West now over 10%......and that is U3........U6 is over 16% across the nation.

If few are working.......we don't have no not never much of any economy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Now the question is whether the Fed is bankrupt??? And if it is.....what are our Federal Reserve Notes worth??????

Unlike private sector layoffs, there's nothing sad about layoffs at the government level. We need a much smaller government and by the looks of things, collapse is the only possible avenue. Of course the fear is that instead of shrinking, the government will get even bigger, which we've seen signs off.

As much as I think massive inflation is a likely outcome to all this, it's very difficult to say how long deflationary forces will remain and what the catalyst will be for inflation to take off. Unemployment has certainly been a deflationary force until now, but there are plenty of examples for hyperinflation and very high unemployment moving in step, so I think that's my biggest uncertainty right now.